Civic Intelligence

Realms of Inquiry Private School Inc.

990 • Fiscal year 2017 • EIN 74-2384140

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 09, 2018

4998 Galleria DriveMurray, UT 84123

(801) 467-5911

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

76th percentile

0.08x

Higher debt load relative to assets than 76% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

68th percentile

0.02x

Higher debt load relative to revenue than 68% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

45th percentile

1.3%

Higher net margin than 45% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

92nd percentile

$49,700

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 12.9% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

47th percentile

0.6%

Faster asset growth than 47% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

56th percentile

5.3%

Faster revenue growth than 56% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$88,374

Up $570 (+0.6%) from 2016

Net Assets

Up

$81,725

Up $4,821 (+6.3%) from 2016

Liabilities

Down

$6,649

Down $4,251 (-39%) from 2016

Revenue

Up

$384,325

Up $19,306 (+5.3%) from 2016

Expenses

Down

$379,504

Down $10,864 (-2.8%) from 2016

Net Income

Up

$4,821

Up $30,170 (+119%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0-$500K-$1.0MAssets 2011: $377,086Liabilities 2011: $939,144Net Assets 2011: -$562,0582011Assets 2012: $95,685Liabilities 2012: $103,383Net Assets 2012: -$7,6982012Assets 2013: $54,957Liabilities 2013: $57,535Net Assets 2013: -$2,5782013Assets 2014: $45,480Liabilities 2014: $39,113Net Assets 2014: $6,3672014Assets 2015: $112,138Liabilities 2015: $9,885Net Assets 2015: $102,2532015Assets 2016: $87,804Liabilities 2016: $10,900Net Assets 2016: $76,9042016Assets 2017: $88,374Liabilities 2017: $6,649Net Assets 2017: $81,7252017Assets 2018: $147,938Liabilities 2018: $7,292Net Assets 2018: $140,6462018Assets 2019: $249,116Liabilities 2019: $9,646Net Assets 2019: $239,4702019Assets 2020: $177,105Liabilities 2020: $59,301Net Assets 2020: $117,8042020Assets 2021: $193,317Liabilities 2021: $34,773Net Assets 2021: $158,5442021Assets 2022: $196,579Liabilities 2022: $30,651Net Assets 2022: $165,9282022Assets 2023: $162,742Liabilities 2023: $41,938Net Assets 2023: $120,8042023Assets 2024: $245,519Liabilities 2024: $61,942Net Assets 2024: $183,5772024Assets 2025: $129,361Liabilities 2025: $32,957Net Assets 2025: $96,4042025

Highlighted filing

2017

Assets$88,374
Liabilities$6,649
Net Assets$81,725

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $606,085Expenses 2011: $726,196Net Income 2011: -$120,1112011Revenue 2012: $931,163Expenses 2012: $376,803Net Income 2012: $554,3602012Revenue 2013: $323,928Expenses 2013: $318,808Net Income 2013: $5,1202013Revenue 2014: $230,010Expenses 2014: $221,064Net Income 2014: $8,9462014Revenue 2015: $377,614Expenses 2015: $281,729Net Income 2015: $95,8852015Revenue 2016: $365,019Expenses 2016: $390,368Net Income 2016: -$25,3492016Revenue 2017: $384,325Expenses 2017: $379,504Net Income 2017: $4,8212017Revenue 2018: $481,681Expenses 2018: $422,760Net Income 2018: $58,9212018Revenue 2019: $578,053Expenses 2019: $479,229Net Income 2019: $98,8242019Revenue 2020: $296,154Expenses 2020: $417,820Net Income 2020: -$121,6662020Revenue 2021: $492,072Expenses 2021: $451,332Net Income 2021: $40,7402021Revenue 2022: $424,324Expenses 2022: $416,940Net Income 2022: $7,3842022Revenue 2023: $299,222Expenses 2023: $346,859Net Income 2023: -$47,6372023Revenue 2024: $448,232Expenses 2024: $385,460Net Income 2024: $62,7722024Revenue 2025: $299,792Expenses 2025: $387,777Net Income 2025: -$87,9852025

Highlighted filing

2017

Revenue$384,325
Expenses$379,504
Net Income$4,821
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 9, 2018
Return Version
2016v3.1
Gross Receipts
$387,544
Mission and Program Overview

Mission

To operate a school for bright and gifted students by supporting students cognitive, physical, emotional and spiritual growth. The school is a nine-month program on various schedules with classes held monday through friday.

To operate a school for bright and gifted students by supporting students cognitive, physical, emotional and spiritual growth. The school is a nine month program on various schedules with classes held monday through friday.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$13,982$53,846▲ $39,864
Accounts Receivable$65,606$25,611▼ $39,995
Land, Buildings, and Equipment, Net$7,091$5,311▼ $1,780
Prepaid Expenses and Deferred Charges$1,100$3,606▲ $2,506
Savings and Temporary Cash Investments$25--
Total Assets$87,804$88,374▲ $570
Liabilities
Accounts Payable and Accrued Expenses$8,700$4,324▼ $4,376
Deferred Revenue$2,200$2,325▲ $125
Total Liabilities$10,900$6,649▼ $4,251
Net Assets / Fund Balance
Unrestricted Net Assets$76,904$81,725▲ $4,821
Total Net Assets Fund Balance$76,904$81,725▲ $4,821
Total Liabilities and Net Assets / Fund Balance$87,804$88,374▲ $570

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,311$75,555$80,866
Other Land Buildings-$8,990$8,990
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Peter WestmanHead of SchoFT$49,700$49,700
Karri Van TongerenSecretaryFT$40,700$40,700

Board Members and Trustees

NameTitle
Kate HickamChair
Jeff BastarBoard Member
Jon HamiltonBoard Member
Rebecca HarperBoard Member
Shirlene BastarBoard Member
Liz HamiltonParent Repre
Revenue and Support

Revenue Composition

Contributions and Grants
$22,796
Program Service Revenue
$347,752
Investment Income
$29
Other Revenue
$13,748
All Other Contributions
$14,662
Change in Net Assets
$4,821

Audited Revenue Reconciliation

Revenue per Audited Statements
$384,325
Revenue Not Reported on Form 990
$24,000
Total Revenue per Audited Statements
$408,325
Total Revenue per Form 990
$384,325
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$225,122
Other Expenses$154,382
Total Fundraising Expense$18,708
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$90,560$16,640$10,400$117,600
Current Officers, Directors, Trustees, and Key Employees$90,400--$90,400
Travel$71,755$6,598$4,124$82,477
Office Expenses$18,017$1,656$1,035$20,708
Payroll Taxes$14,896$1,370$856$17,122
Insurance$10,916$1,004$627$12,547
Fees for Services Accounting-$4,885-$4,885
Depreciation Depletion$1,549$142$89$1,780
Other Expenses$974$90$56$1,120
Fees for Services Other$144$468$8$620
Advertising$278$26$16$320
All Other Expenses$174$16$10$200
Total Functional Expenses$325,523$35,273$18,708$379,504

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$403,504
Expenses per Audited Statements$379,504
Total Expenses per Form 990$379,504
Expenses Not Reported on Form 990$24,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$16,042
Fundraising Direct Expenses$3,219
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction Event$24,176$16,042$905$15,137
Total Events$24,176$16,042$3,219$12,823
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

An electronic copy is made available to the governing body to review and approve before filed.

Form 990, Page 6, Part VI, Line 19

Documents are made available to the public upon request. Requests may be made by phone or emailed to [email protected].

Filing and Contact Details

Filer

Filer Name
Realms of Inquiry
EIN
74-2384140
Phone
8014675911
Address
4998 GALLERIA DRIVE, MURRAY, UT 84123

Signing Officer

Name
Peter Westman
Title
Head of School
Phone
8014675911
Signed
2018-02-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Westman
Formed
1972
Voting Board Members
6
Independent Board Members
6
Employees
7
Volunteers
20

Preparer

Firm
Larson & Company Pc
Address
765 N MAIN ST, SPANISH FORK, UT 84660
Preparer
Russell D Olsen CPA
Phone
8017983545
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IRS990/PYOtherRevenueAmt09025
IRS990/PYProgramServiceRevenueAmt0338491
IRS990/PYRevenuesLessExpensesAmt0-25349
IRS990/PYSalariesCompEmpBnftPaidAmt0232871
IRS990/PYTotalExpensesAmt0390368
IRS990/PYTotalRevenueAmt0365019
IRS990/ReconcilationRevenueExpnssAmt04821
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0347752
IRS990/SavingsAndTempCashInvstGrp/BOYAmt025
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt024000
IRS990ScheduleD/DonatedServicesUseFcltsAmt024000
IRS990ScheduleD/EquipmentGrp/BookValueAmt05311
IRS990ScheduleD/EquipmentGrp/DepreciationAmt075555
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt080866
IRS990ScheduleD/ExpensesNotReportedAmt024000
IRS990ScheduleD/ExpensesSubtotalAmt0379504
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt08990
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt08990
IRS990ScheduleD/RevenueNotReportedAmt024000
IRS990ScheduleD/RevenueSubtotalAmt0384325
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05311
IRS990ScheduleD/TotalExpensesPerForm990Amt0379504
IRS990ScheduleD/TotalRevenuePerForm990Amt0384325
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0408325
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0403504
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S NONDISCRIMINATORY POLICY IS MADE KNOWN TO ALL PARTS OF THE GENERAL COMMUNITY IT SERVES.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION RECEIVES A SIGNIFICANT AMOUNT OF ITS FUNDING FROM STATE AND FEDERAL GOVERNMENT SOURCES TO OPERATE THE SCHOOL.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt08134
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt08134
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt03219
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt0175
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt0175
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0AUCTION EVENT
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt02139
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt02139
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt024176
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt024176
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt016042
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt016042
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt012823
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0905
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0905
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AN ELECTRONIC COPY IS MADE AVAILABLE TO THE GOVERNING BODY TO REVIEW AND APPROVE BEFORE FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. REQUESTS MAY BE MADE BY PHONE OR EMAILED TO [email protected].
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt087804
IRS990/TotalAssetsEOYAmt088374
IRS990/TotalAssetsGrp/BOYAmt087804
IRS990/TotalAssetsGrp/EOYAmt088374
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt022796
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt018708
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt035273
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0325523
IRS990/TotalFunctionalExpensesGrp/TotalAmt0379504
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010900
IRS990/TotalLiabilitiesEOYAmt06649
IRS990/TotalLiabilitiesGrp/BOYAmt010900
IRS990/TotalLiabilitiesGrp/EOYAmt06649
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt076904
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt081725
IRS990/TotalProgramServiceExpensesAmt0325523
IRS990/TotalProgramServiceRevenueAmt0347752
IRS990/TotalReportableCompFromOrgAmt090400
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0348706
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0384325
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt087804
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt088374
IRS990/TravelGrp/FundraisingAmt04124
IRS990/TravelGrp/ManagementAndGeneralAmt06598
IRS990/TravelGrp/ProgramServicesAmt071755
IRS990/TravelGrp/TotalAmt082477
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt076904
IRS990/UnrestrictedNetAssetsGrp/EOYAmt081725
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0REALMSOFINQUIRY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PETER WESTMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEAD OF SCHOOL
ReturnHeader/BusinessOfficerGrp/PhoneNum08014675911
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-02-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0REALMS OF INQUIRY
ReturnHeader/Filer/BusinessNameControlTxt0REAL
ReturnHeader/Filer/EIN0742384140
ReturnHeader/Filer/PhoneNum08014675911
ReturnHeader/Filer/USAddress/AddressLine1Txt04998 GALLERIA DRIVE
ReturnHeader/Filer/USAddress/CityNm0MURRAY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0UT
ReturnHeader/Filer/USAddress/ZIPCd084123
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId027FE270D82ABF501DAE63E583697D2F34790A9EE
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId027FE270D82ABF501DAE63E583697D2F34790A9EE
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0870516083
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LARSON & COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0765 N MAIN ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SPANISH FORK

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.29$0.33$0.96$3.00$3.88$0.88
2024Detailed filing. Detailed filing data is available for this year.$2.46$0.62$1.84$4.48$3.85$0.63
2023Detailed filing. Detailed filing data is available for this year.$1.63$0.42$1.21$2.99$3.47$0.48
2022Detailed filing. Detailed filing data is available for this year.$1.97$0.31$1.66$4.24$4.17$0.07
2021Detailed filing. Detailed filing data is available for this year.$1.93$0.35$1.59$4.92$4.51$0.41
2020Detailed filing. Detailed filing data is available for this year.$1.77$0.59$1.18$2.96$4.18$1.22
2019Detailed filing. Detailed filing data is available for this year.$2.49$0.10$2.39$5.78$4.79$0.99
2018Detailed filing. Detailed filing data is available for this year.$1.48$0.07$1.41$4.82$4.23$0.59
2017Detailed filing. Detailed filing data is available for this year.$0.88$0.07$0.82$3.84$3.80$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.88$0.11$0.77$3.65$3.90$0.25
2015Detailed filing. Detailed filing data is available for this year.$1.12$0.10$1.02$3.78$2.82$0.96
2014Summary only. Only limited summary data is available for this year.$0.45$0.39$0.06$2.30$2.21$0.09
2013Summary only. Only limited summary data is available for this year.$0.55$0.58$0.03$3.24$3.19$0.05
2012Summary only. Only limited summary data is available for this year.$0.96$1.03$0.08$9.31$3.77$5.54
2011Summary only. Only limited summary data is available for this year.$3.77$9.39$5.62$6.06$7.26$1.20